Brinker International (NYSE:EAT) Reaches New 1-Year High After Analyst Upgrade

Brinker International, Inc. (NYSE:EAT)’s stock price hit a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $170.00 to $210.00. TD Cowen currently has a buy rating on the stock. Brinker International traded as high as $195.00 and last traded at $192.3960, with a volume of 53690 shares changing hands. The stock had previously closed at $189.35.

A number of other equities research analysts have also issued reports on the company. KeyCorp boosted their target price on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Stephens started coverage on Brinker International in a research note on Friday. They issued an “overweight” rating and a $220.00 price target on the stock. Wells Fargo & Company boosted their price objective on Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Citigroup cut their target price on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, Barclays upped their target price on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and an average price target of $191.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EAT. UBS Group AG lifted its stake in Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Norges Bank acquired a new position in shares of Brinker International during the 4th quarter worth $83,603,000. Congress Asset Management Co. acquired a new position in shares of Brinker International during the 4th quarter worth $80,518,000. Finally, Capital World Investors raised its holdings in shares of Brinker International by 96.5% during the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after purchasing an additional 558,799 shares in the last quarter.

Brinker International Stock Up 3.2%

The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average price is $157.57 and its two-hundred day moving average price is $153.28. The firm has a market cap of $8.38 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.17 and a beta of 1.24.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. Brinker International’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, equities research analysts anticipate that Brinker International, Inc. will post 10.75 EPS for the current year.

Brinker International Company Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.